Imperial Oil (TSE:IMO) PT Raised to C$91.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective increased by TD Securities from C$89.00 to C$91.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the company. CIBC upped their price objective on Imperial Oil from C$90.00 to C$105.00 and gave the company a neutral rating in a research note on Monday, April 22nd. National Bankshares increased their price objective on Imperial Oil from C$90.00 to C$120.00 and gave the stock a sector perform rating in a research note on Friday, April 19th. JPMorgan Chase & Co. reduced their target price on shares of Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. ATB Capital increased their target price on shares of Imperial Oil from C$85.00 to C$90.00 and gave the stock a sector perform rating in a research report on Wednesday, March 20th. Finally, BMO Capital Markets lifted their price target on shares of Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$96.31.

Imperial Oil Trading Down 0.1 %

Shares of Imperial Oil stock opened at C$93.11 on Tuesday. Imperial Oil has a 52-week low of C$60.19 and a 52-week high of C$101.63. The firm has a market capitalization of C$49.89 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98. The company’s fifty day moving average price is C$92.61 and its two-hundred day moving average price is C$82.91.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.08 by C$0.39. The business had revenue of C$13.11 billion for the quarter, compared to analysts’ expectations of C$16.57 billion. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. On average, analysts expect that Imperial Oil will post 8.4369527 EPS for the current year.

Imperial Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.58%. Imperial Oil’s payout ratio is 28.27%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.